2,975 Shares in Vistra Corp. (NYSE:VST) Acquired by Seelaus Asset Management LLC

Seelaus Asset Management LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,975 shares of the company’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Empire Life Investments Inc. bought a new position in shares of Vistra in the 3rd quarter worth $23,028,000. Terra Nova Asset Management LLC bought a new position in Vistra in the 3rd quarter valued at about $842,000. Czech National Bank boosted its stake in Vistra by 12.4% during the 3rd quarter. Czech National Bank now owns 69,987 shares of the company’s stock valued at $8,296,000 after purchasing an additional 7,747 shares during the last quarter. Viking Fund Management LLC bought a new stake in Vistra during the 3rd quarter worth approximately $1,185,000. Finally, Atria Investments Inc purchased a new stake in shares of Vistra in the first quarter worth approximately $1,675,000. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $142.23 on Friday. The stock’s 50-day simple moving average is $119.52 and its two-hundred day simple moving average is $97.23. Vistra Corp. has a twelve month low of $34.25 and a twelve month high of $149.80. The firm has a market capitalization of $48.39 billion, a P/E ratio of 26.54 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 16.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VST shares. Morgan Stanley upped their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. BMO Capital Markets upped their price objective on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $145.40.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.